A key figure in Deutsche Bank’s equities business, Steffen Fuchs, co-head of equity sales in Europe, is set to depart.

Fuchs, who previously headed the equities business in the German bank’s home market, will leave shortly, according to two people familiar with the situation. A colleague said late last Friday that Fuchs was not available to talk.

The German bank is one of several to have seen recent changes in its senior ranks in equities sales in Europe, the Middle East and Africa. In July last year, Bank of America Merrill Lynch moved Simon Greenwell, who had been leading equities distribution, back to his role as head of equity research in Emea.

Julien Bahurel, who joined the US bank last summer from UBS, took on the role of head of equities distribution in addition to his responsibilities as global head of equity derivative sales.

Fuchs, whose full job title was co-head of institutional client group equity in Europe, was a key figure in Deutsche Bank’s sales and trading business in its home market.

He previously sat on the executive committee of Deutsche Bank’s corporate and investment bank in Germany. He was co-head of ICG equity with Jonathan Potter.

Fuchs’ departure follows changes at the top of the institutional client group, with Rich Herman, the previous head of the unit, which houses the bank’s giant sales force, taking over as co-head of fixed income and currencies.

Herman is not being replaced as head of ICG, with the equities sales force now reporting to Garth Ritchie, who heads equities. The debt sales team will continue to report to John Pipilis.

Deutsche Bank declined to comment.

-- Correction: An earlier version of this story mis-spelt the name of Steffen Fuchs. This has been corrected.